Fertitta entities sell call options on 300,000 WYNN shares (NASDAQ: WYNN)

Rhea-AI Filing Summary

WYNN Resorts major shareholder entities associated with Tilman J. Fertitta reported a derivatives transaction involving call options linked to the company’s common stock. On March 25, 2026, Hospitality Headquarters, Inc. sold call options covering 300,000 shares of WYNN common stock at a price of $4.2489 per option. These call options have a strike price of $120.00 and are scheduled to be exercisable and to expire on October 2, 2026. Following this open‑market sale of call options, the filing shows 300,000 call options of this series held of record by Hospitality Headquarters, Inc., with Fertitta Entertainment, Inc. and Fertitta Entertainment, LLC identified as related entities through which Mr. Fertitta may be deemed to share beneficial ownership.

Insights

Equity derivatives and insider activity analyst

Large WYNN holder wrote call options on 300,000 shares.

Entities associated with Tilman J. Fertitta, a more than 10% owner of WYNN Resorts, sold call options referencing 300,000 shares of common stock. The options carry a $120.0000 strike price and a premium of $4.2489 per option.

The transaction is reported as an open-market sale of a derivative (a written call), not a direct share sale. Hospitality Headquarters, Inc. holds the options of record, and the filing notes that Mr. Fertitta may be deemed to share beneficial ownership through Fertitta Entertainment, Inc. and Fertitta Entertainment, LLC.

The filing does not quantify total WYNN share ownership or the proportion these 300,000 underlying shares represent, so the overall portfolio impact cannot be gauged from this document alone. Subsequent company filings may provide additional context on any future exercises of these options or changes in related share positions.

Insider Trade Summary

Net Seller: 300,000 shares ($1,274,670)

Net Sell 1 txn

Insider FERTITTA TILMAN J, Fertitta Entertainment, Inc., Hospitality Headquarters Inc, Fertitta Entertainment, LLC

Role 10% Owner | 10% Owner | 10% Owner | 10% Owner

Sold 300,000 shs ($1.27M)

Type	Security	Shares	Price	Value
Sale	Call Option (obligation to sell)	300,000	$4.2489	$1.27M

Holdings After Transaction: Call Option (obligation to sell) — 300,000 shares (Indirect, See footnotes)

Footnotes (1)

1. Mr. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which is the sole shareholder of Hospitality Headquarters, Inc. and the sole indirect owner of Fertitta Entertainment, LLC. As such, Mr. Fertitta may be deemed to share beneficial ownership of the securities held of record by Fertitta Entertainment, Inc., Hospitality Headquarters, Inc. and Fertitta Entertainment, LLC. The options are held of record by Hospitality Headquarters, Inc.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FERTITTA TILMAN J

(Last) (First) (Middle)

C/O FERTITTA ENTERTAINMENT, INC.

1510 WEST LOOP SOUTH

(Street)

HOUSTON TEXAS 77027

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WYNN RESORTS LTD [ WYNN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Call Option (obligation to sell)	$120	03/25/2026		S			300,000	10/02/2026	10/02/2026	Common Stock	300,000	$4.2489	300,000	I	See footnotes(1)(2)

1. Name and Address of Reporting Person^*

FERTITTA TILMAN J

(Last) (First) (Middle)

C/O FERTITTA ENTERTAINMENT, INC.

1510 WEST LOOP SOUTH

(Street)

HOUSTON TEXAS 77027

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Fertitta Entertainment, Inc.

(Last) (First) (Middle)

1510 WEST LOOP SOUTH

(Street)

HOUSTON TEXAS 77027

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Hospitality Headquarters Inc

(Last) (First) (Middle)

C/O FERTITTA ENTERTAINMENT, INC.

1510 WEST LOOP SOUTH

(Street)

HOUSTON TEXAS 77027

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Fertitta Entertainment, LLC

(Last) (First) (Middle)

C/O FERTITTA ENTERTAINMENT, INC.

1510 WEST LOOP SOUTH

(Street)

HOUSTON TEXAS 77027

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Mr. Fertitta is the sole shareholder of Fertitta Entertainment, Inc., which is the sole shareholder of Hospitality Headquarters, Inc. and the sole indirect owner of Fertitta Entertainment, LLC. As such, Mr. Fertitta may be deemed to share beneficial ownership of the securities held of record by Fertitta Entertainment, Inc., Hospitality Headquarters, Inc. and Fertitta Entertainment, LLC.

2. The options are held of record by Hospitality Headquarters, Inc.

	/s/ Tilman J. Fertitta	03/27/2026
	Fertitta Entertainment, Inc., By: /s/ Paige Fertitta, President	03/27/2026
	Hospitality Headquarters, Inc., By: /s/ Paige Fertitta, President	03/27/2026
	Fertitta Entertainment, LLC, By: /s/ Steve Scheinthal, Vice President	03/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider derivatives transaction did WYNN (WYNN) report involving Tilman Fertitta?

The filing reports that entities associated with Tilman J. Fertitta sold call options tied to WYNN common stock. Hospitality Headquarters, Inc. entered an open-market sale of call options referencing 300,000 shares, creating an obligation to sell those shares if exercised.

How many WYNN shares are covered by the call options in this Form 4?

The reported call option position references 300,000 shares of WYNN common stock. Each option is linked to one underlying share, so the derivatives exposure directly matches the 300,000-share figure disclosed in the insider transaction.

What are the key terms of the WYNN-related call options sold by the Fertitta entity?

The call options tied to WYNN have a strike price of $120.0000 and were sold for $4.2489 per option. They are scheduled to be exercisable on, and expire on, October 2, 2026, according to the disclosure.

Which entity actually holds the WYNN call options reported in the Fertitta Form 4?

The options are held of record by Hospitality Headquarters, Inc.. Footnotes explain that Fertitta Entertainment, Inc. is its sole shareholder and that Mr. Fertitta may be deemed to share beneficial ownership through related entities.

Did this WYNN Form 4 report a direct sale of common stock by Tilman Fertitta?

No, the transaction reported is a sale of call options, not a direct sale of WYNN common shares. The derivative is described as a “Call Option (obligation to sell)” tied to 300,000 underlying shares.

How many call options on WYNN shares remain after the reported transaction?

After the open-market sale, the filing shows 300,000 call options of this series as the total derivative position. The derivative summary does not list other option positions for these reporting persons in this specific document.